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Geneva Finance

NZSE:GFL
Snowflake Description

Undervalued second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GFL
NZSE
NZ$41M
Market Cap
  1. Home
  2. NZ
  3. Diversified Financials
Company description

Geneva Finance Limited provides finance and financial services to the consumer credit and small to medium business markets in New Zealand and Tonga. The last earnings update was 9 days ago. More info.


Add to Portfolio Compare Print
GFL Share Price and Events
7 Day Returns
0%
NZSE:GFL
-2.3%
Oceania Consumer Finance
-0.2%
NZ Market
1 Year Returns
-3.4%
NZSE:GFL
57.6%
Oceania Consumer Finance
21.1%
NZ Market
GFL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Geneva Finance (GFL) 0% 1.8% 3.7% -3.4% 21.7% 166.7%
Oceania Consumer Finance -2.3% -6.4% -5.2% 57.6% 27.9% 42.8%
NZ Market -0.2% 3.1% -0.2% 21.1% 38.2% 51.2%
1 Year Return vs Industry and Market
  • GFL underperformed the Consumer Finance industry which returned 57.6% over the past year.
  • GFL underperformed the Market in New Zealand which returned 21.1% over the past year.
Price Volatility
GFL
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Geneva Finance's competitors could be found in our database.

Value

 Is Geneva Finance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Geneva Finance to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Geneva Finance.

NZSE:GFL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= NZ$0.38 * 17.8%
NZ$0.07
Book Value of Equity per Share Median Book Value from the past 5 years. NZ$0.38
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year NZ Government Bond Rate 1.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NZSE:GFL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NZ Govt Bond Rate 1.3%
Equity Risk Premium S&P Global 5.4%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 28%) (190.02%))
1.208
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.32% + (1.208 * 5.44%)
7.89%

Discounted Cash Flow Calculation for NZSE:GFL using Excess Returns Model Model

The calculations below outline how an intrinsic value for Geneva Finance is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NZSE:GFL Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (17.8% – 7.89%) * NZ$0.38)
NZ$0.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= NZ$0.04 / (7.89% - 1.32%)
NZ$0.58
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= NZ$0.38 + NZ$0.58
NZ$0.96
NZSE:GFL Discount to Share Price
Calculation Result
Value per share (NZD) From above. NZ$0.96
Current discount Discount to share price of NZ$0.56
= -1 x (NZ$0.56 - NZ$0.96) / NZ$0.96
41.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Geneva Finance is available for.
Intrinsic value
42%
Share price is NZ$0.56 vs Future cash flow value of NZ$0.96134
Current Discount Checks
For Geneva Finance to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Geneva Finance's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Geneva Finance's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Geneva Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Geneva Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NZSE:GFL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in NZD NZ$0.05
NZSE:GFL Share Price ** NZSE (2019-12-06) in NZD NZ$0.56
Oceania Consumer Finance Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Finance Companies 12.23x
New Zealand Market PE Ratio Median Figure of 88 Publicly-Listed Companies 20.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Geneva Finance.

NZSE:GFL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NZSE:GFL Share Price ÷ EPS (both in NZD)

= 0.56 ÷ 0.05

11.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Geneva Finance is good value based on earnings compared to the Oceania Consumer Finance industry average.
  • Geneva Finance is good value based on earnings compared to the New Zealand market.
Price based on expected Growth
Does Geneva Finance's expected growth come at a high price?
Raw Data
NZSE:GFL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Oceania Consumer Finance Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Finance Companies 0.99x
New Zealand Market PEG Ratio Median Figure of 61 Publicly-Listed Companies 1.63x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Geneva Finance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Geneva Finance's assets?
Raw Data
NZSE:GFL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in NZD NZ$0.39
NZSE:GFL Share Price * NZSE (2019-12-06) in NZD NZ$0.56
Oceania Consumer Finance Industry PB Ratio Median Figure of 13 Publicly-Listed Consumer Finance Companies 1.7x
New Zealand Market PB Ratio Median Figure of 118 Publicly-Listed Companies 1.62x
NZSE:GFL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:GFL Share Price ÷ Book Value per Share (both in NZD)

= 0.56 ÷ 0.39

1.45x

* Primary Listing of Geneva Finance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Geneva Finance is good value based on assets compared to the Oceania Consumer Finance industry average.
X
Value checks
We assess Geneva Finance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. Geneva Finance has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Geneva Finance expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Geneva Finance has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
42%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Geneva Finance expected to grow at an attractive rate?
  • Unable to compare Geneva Finance's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Geneva Finance's earnings growth to the New Zealand market average as no estimate data is available.
  • Unable to compare Geneva Finance's revenue growth to the New Zealand market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NZSE:GFL Future Growth Rates Data Sources
Data Point Source Value (per year)
Oceania Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 42%
Oceania Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 21%
New Zealand Market Earnings Growth Rate Market Cap Weighted Average 7.7%
New Zealand Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NZSE:GFL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NZSE:GFL Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2019-09-30 24 -1 3
2019-06-30 22 -3 4
2019-03-31 21 -5 4
2018-12-31 21 -4 5
2018-09-30 19 -3 5
2018-06-30 17 -1 6
2018-03-31 15 1 6
2017-12-31 13 0 6
2017-09-30 12 0 6
2017-06-30 11 -2 6
2017-03-31 11 -4 5
2016-12-31 11 -6 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Geneva Finance is high growth as no earnings estimate data is available.
  • Unable to determine if Geneva Finance is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NZSE:GFL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Geneva Finance Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:GFL Past Financials Data
Date (Data in NZD Millions) EPS *
2019-09-30 0.05
2019-06-30 0.05
2019-03-31 0.06
2018-12-31 0.06
2018-09-30 0.07
2018-06-30 0.08
2018-03-31 0.09
2017-12-31 0.09
2017-09-30 0.08
2017-06-30 0.08
2017-03-31 0.07
2016-12-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Geneva Finance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Geneva Finance is trading at Geneva Finance'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Geneva Finance's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Geneva Finance's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Geneva Finance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Oceania market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Oceania market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Geneva Finance has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Geneva Finance performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Geneva Finance's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Geneva Finance has delivered over 20% year on year earnings growth in the past 5 years.
  • Geneva Finance's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Geneva Finance's 1-year earnings growth is negative, it can't be compared to the Oceania Consumer Finance industry average.
Earnings and Revenue History
Geneva Finance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Geneva Finance Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NZSE:GFL Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 23.53 3.34 4.66
2019-06-30 22.41 3.70 4.66
2019-03-31 21.29 4.06 4.66
2018-12-31 20.63 4.56 4.25
2018-09-30 18.83 5.14 3.85
2018-06-30 16.94 5.63 3.85
2018-03-31 15.05 6.12 3.85
2017-12-31 13.43 6.03 3.67
2017-09-30 11.81 5.93 3.50
2017-06-30 11.44 5.53 3.50
2017-03-31 11.07 5.13 3.50
2016-12-31 10.73 4.76 1.91
2016-09-30 10.38 4.38 0.33
2016-06-30 9.74 3.95 0.33
2016-03-31 9.09 3.53 0.33
2015-12-31 8.89 3.47 0.33
2015-09-30 8.69 3.41 0.33
2015-06-30 8.19 2.80 0.33
2015-03-31 7.70 2.19 0.33
2014-12-31 4.56 -0.90 0.33
2014-09-30 1.41 -3.99 0.32
2014-06-30 1.68 -4.10 0.32
2014-03-31 1.94 -4.20 0.32
2013-12-31 4.86 -2.05 0.34
2013-09-30 7.78 0.09 0.36
2013-06-30 8.01 0.09 0.36
2013-03-31 8.24 0.09 0.36
2012-12-31 7.89 -0.57 0.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Geneva Finance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Geneva Finance used its assets less efficiently than the Oceania Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if Geneva Finance improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Geneva Finance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Geneva Finance has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Geneva Finance's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Geneva Finance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Geneva Finance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Geneva Finance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Geneva Finance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Geneva Finance Company Filings, last reported 2 months ago.

NZSE:GFL Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 29.43 76.65 23.96
2019-06-30 29.43 76.65 23.96
2019-03-31 29.59 73.29 21.98
2018-12-31 29.59 73.29 21.98
2018-09-30 28.83 71.21 19.10
2018-06-30 28.83 71.21 19.10
2018-03-31 29.17 59.97 18.00
2017-12-31 29.17 59.97 18.00
2017-09-30 26.66 55.44 11.32
2017-06-30 26.66 55.44 11.32
2017-03-31 24.86 54.23 11.23
2016-12-31 24.86 54.23 11.23
2016-09-30 21.68 49.75 7.56
2016-06-30 21.68 49.75 7.56
2016-03-31 20.26 45.78 8.21
2015-12-31 20.26 45.78 8.21
2015-09-30 17.57 39.79 6.11
2015-06-30 17.57 39.79 6.11
2015-03-31 16.06 32.43 4.29
2014-12-31 16.06 32.43 4.29
2014-09-30 14.48 26.67 4.27
2014-06-30 14.48 26.67 4.27
2014-03-31 8.39 28.54 3.02
2013-12-31 8.39 28.54 3.02
2013-09-30 12.48 25.97 3.85
2013-06-30 12.48 25.97 3.85
2013-03-31 12.37 34.15 3.36
2012-12-31 12.37 34.15 3.36
  • Geneva Finance's level of debt (260.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (184.4% vs 260.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Geneva Finance's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Geneva Finance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Geneva Finance has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Geneva Finance's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.25%
Current annual income from Geneva Finance dividends.
If you bought NZ$2,000 of Geneva Finance shares you are expected to receive NZ$125 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Geneva Finance's pays a higher dividend yield than the bottom 25% of dividend payers in New Zealand (2.99%).
  • Geneva Finance's dividend is above the markets top 25% of dividend payers in New Zealand (5.53%).
Upcoming dividend payment

Purchase Geneva Finance before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NZSE:GFL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Oceania Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.3%
New Zealand Market Average Dividend Yield Market Cap Weighted Average of 73 Stocks 3.6%
New Zealand Minimum Threshold Dividend Yield 10th Percentile 1.7%
New Zealand Bottom 25% Dividend Yield 25th Percentile 3%
New Zealand Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NZSE:GFL Past Annualized Dividends Data
Date (Data in NZ$) Dividend per share (annual) Avg. Yield (%)
2019-08-01 0.035 6.349
2019-06-14 0.035 5.895
2018-07-18 0.045 7.804
2018-06-14 0.045 6.895
2017-11-13 0.020 3.190
2017-05-05 0.020 3.431

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Geneva Finance has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Geneva Finance only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Geneva Finance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Geneva Finance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Geneva Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Geneva Finance has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Geneva Finance's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David O'Connell
COMPENSATION NZ$636,000
TENURE AS CEO 11.6 years
CEO Bio

Mr. David Gerard O'Connell has been Managing Director of GFNZ Group Limited since May 2, 2008 and has been its Chief Financial Officer since joining in July 2006. Mr. O'Connell served as Chief Financial Officer of Geneva Financial Corp., since November 18, 2006. He owned Redpaths Furniture chain and the Liquorland retail chain New Zealand Liquor. He has held senior management roles and directorships in major New Zealand companies and has been involved in a number of successful company turnaround situations. He has been Executive Director of GFNZ Group Limited., since June 19, 2007. Mr. O'Connell is a Member of NZ Institute of Chartered Accountants and holds BCA from Victoria University Wel ington.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is higher than average for companies of similar size in New Zealand.
Management Team

David O'Connell

TITLE
MD, CFO & Executive Director
COMPENSATION
NZ$636K
TENURE
11.6 yrs

Shaun Riley

TITLE
General Manager
COMPENSATION
NZ$338K
TENURE
13.1 yrs
Board of Directors Tenure

Average tenure of the Geneva Finance board of directors in years:

11.3
Average Tenure
  • The average tenure for the Geneva Finance board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

David Smale

TITLE
Non-Executive Chairman
COMPENSATION
NZ$62K
TENURE
11.1 yrs

David O'Connell

TITLE
MD, CFO & Executive Director
COMPENSATION
NZ$636K
TENURE
12.5 yrs

Ronald King

TITLE
Non Executive Director
COMPENSATION
NZ$43K
TENURE
11.5 yrs

Alan Leighton Hutchison

TITLE
Non Executive Director
COMPENSATION
NZ$41K
TENURE
6.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (NZ$) Value (NZ$)
X
Management checks
We assess Geneva Finance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Geneva Finance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does Geneva Finance Limited's (NZSE:GFL) CEO Salary Compare Well With Others?

Check out our latest analysis for Geneva Finance How Does David O'Connell's Compensation Compare With Similar Sized Companies? … According to our data, Geneva Finance Limited has a market capitalization of NZ$38m, and pays its CEO total annual compensation worth NZ$636k. … We examined the amount Geneva Finance Limited pays its CEO, and compared it to the amount paid by similar sized companies.

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Do Institutions Own Geneva Finance Limited (NZSE:GFL) Shares?

The big shareholder groups in Geneva Finance Limited (NZSE:GFL) have power over the company. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of NZ$42m, Geneva Finance is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Geneva Finance NZSE:GFL Ownership Summary, August 8th 2019 What Does The Lack Of Institutional Ownership Tell Us About Geneva Finance?

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Did You Miss Geneva Finance's (NZSE:GFL) Impressive 202% Share Price Gain?

During five years of share price growth, Geneva Finance achieved compound earnings per share (EPS) growth of 98% per year. … This EPS growth is higher than the 25% average annual increase in the share price. … As it happens, Geneva Finance's TSR for the last 5 years was 247%, which exceeds the share price return mentioned earlier.

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Does Geneva Finance Limited's (NZSE:GFL) CEO Salary Compare Well With Others?

See our latest analysis for Geneva Finance How Does David O'Connell's Compensation Compare With Similar Sized Companies? … Thus we can conclude that David O'Connell receives more in total compensation than the median of a group of companies in the same market, and of similar size to Geneva Finance Limited. … We compared the total CEO remuneration paid by Geneva Finance Limited, and compared it to remuneration at a group of similar sized companies.

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Could The Geneva Finance Limited (NZSE:GFL) Ownership Structure Tell Us Something Useful?

If you want to know who really controls Geneva Finance Limited (NZSE:GFL), then you'll have to look at the makeup of its share registry. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of NZ$42m, Geneva Finance is a small cap stock, so it might not be well known by many institutional investors.

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Is Geneva Finance Limited (NZSE:GFL) A Smart Pick For Income Investors?

Geneva Finance Limited (NZSE:GFL) has recently paid dividends to shareholders, and currently yields 8.2%. … Does Geneva Finance tick all the boxes of a great dividend stock? … See our latest analysis for Geneva Finance

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Here's What Geneva Finance Limited's (NZSE:GFL) P/E Ratio Is Telling Us

We'll show how you can use Geneva Finance Limited's (NZSE:GFL) P/E ratio to inform your assessment of the investment opportunity. … Geneva Finance has a P/E ratio of 7.54, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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Is Geneva Finance Limited's (NZSE:GFL) CEO Salary Justified?

David O'Connell became the CEO of Geneva Finance Limited (NZSE:GFL) in 2008. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does David O'Connell's Compensation Compare With Similar Sized Companies?

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What To Know Before Buying Geneva Finance Limited (NZSE:GFL) For Its Dividend

In the last few years Geneva Finance Limited (NZSE:GFL) has paid a dividend to shareholders. … Does Geneva Finance tick all the boxes of a great dividend stock? … See our latest analysis for Geneva Finance

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Does Geneva Finance Limited's (NZSE:GFL) CEO Pay Reflect Performance?

In 2008 David O'Connell was appointed CEO of Geneva Finance Limited (NZSE:GFL). … At the time of writing our data says that Geneva Finance Limited has a market cap of NZ$43m, and is paying total annual CEO compensation of NZ$495k. … It would therefore appear that Geneva Finance Limited pays David O'Connell more than the median CEO remuneration at companies of a similar size, in the same market

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Company Info

Description

Geneva Finance Limited provides finance and financial services to the consumer credit and small to medium business markets in New Zealand and Tonga. It operates through Corporate, New Business, Insurance, Old Business, Invoice Factoring, and Overseas segments. The company offers hire purchase finance; and personal loans secured by registered security interests over personal assets, including motor vehicles and mortgages of residential property, as well as car and homeowners loans. It also provides insurance products, such as lifestyle protection, motor vehicle, guaranteed asset protection, and mechanical breakdown insurance, as well as death, disablement, and redundancy risk coverages; and debt collection services. In addition, the company is involved in the provision of debtor finance to companies, as well as collection and management of trade receivables factored; money lending, collection, and management business; and wholesale funding arrangements. It serves individuals, companies, and other entities. The company was formerly known as GFNZ Group Limited and changed its name to Geneva Finance Limited in June 2016. Geneva Finance Limited was founded in 2002 and is based in Auckland, New Zealand.

Details
Name: Geneva Finance Limited
GFL
Exchange: NZSE
Founded: 2002
NZ$40,843,754
72,935,275
Website: http://genevafinance.co.nz
Address: Geneva Finance Limited
6B Pacific Rise,
Mt Wellington,
Auckland,
1741,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE GFL Ordinary Shares New Zealand Stock Exchange NZ NZD 01. Jul 2008
Number of employees
Current staff
Staff numbers
45
Geneva Finance employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/08 10:35
End of day share price update: 2019/12/06 00:00
Last earnings filing: 2019/11/29
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.